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Swiss Falcon Private Bank has introduced direct transfers of crypto and crypto-fiat withdrawals. Switzerland-based Falcon Private Bank has introduced support for direct transfers and storage of select cryptocurrencies, according to an official press release published on Jan. 21. The bank announced that both private and institutional investors can now directly transfer a selection of major cryptocurrencies to and from the institution's own “segregated Falcon wallets,” as well as convert crypto into fiat money. To start, Falcon reportedly only supports four major cryptocurrencies, Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Litecoin (LTC), the press release notes. With the recent move, Falcon claims its has made blockchain assets “fully bankable,” with the select cryptos being included in the bank’s portfolio statements, as well as in tax reporting documents. In the press release, the private bank also mentions its “proprietary custody solution” that it claims to provide..
Crypto hardware wallet developer Tangem says newly raised funds will go towards increasing penetration in industries such as transport and loyalty. Switzerland-based Cryptocurrency ‘smart card’ wallet manufacturer Tangem has secured $15 million in funding from Japanese finance giant SBI Group, the company confirmed in a press release Jan. 21. Tangem, which began issuing its first wallets in June 2018, aims to increase cryptocurrency adoption by making assets spendable in a manner similar to conventional smart cards often used in transport and loyalty settings. Ticketing and loyalty will now form two of the target industries Tangem hopes to leverage to spread crypto smart cards, according to Tangem’s press release. The company also said it is eyeing initial coin offering (ICO) token distribution, identity and anti-counterfeiting. “With this additional investment in 2019, we will be able to extend our product offering in other industries and provide better support to companies which emb..
This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. The article is penned by Shiran Herzberg, Tel-Aviv based finance expert, entrepreneur, and Cryptocurrency enthusiast. Fascinated with current opportunities in blockchain as well as the latest advances in smart mobility. The eToro wallet was recently released in multiple countries, currently with 5 cryptocurrencies: Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC) and Ripple (XRP). It is based on secure multi-signature technology, although the user does not have access to his private keys (there are pros and cons to this method). Multi-sig basically means you need 2 out of 3 signatures (or private keys) to send crypto elsewhere, making it quite secure. It’s a safe solution for securing large amounts of cryptocurrencies. This method enables the eToro wallet to spare users from the hassle of remember..
Crypto exchange Seed CX, a Chicago-based platform targeting institutional clients, has launched a new digital asset wallet solution with on-chain settlement. Crypto exchange Seed CX — a Chicago-based licensed platform targeting institutional clients — has launched a digital asset wallet solution with on-chain settlement, according to a press release published Jan. 10. Seed CX has reportedly developed the new wallet solution together with its settlement subsidiary, Zero Hash — a crypto and fiat currency custodian providing on-chain settlement services. Zero Hash reportedly has FinCEN’s regulatory approval to operate as a money transmitter across 25 American states, and is also under review for a prospective BitLicense from the New York State Department of Financial Services (NYDFS). As the press release outlines, Seed CX platform users will each be assigned a unique, segregated wallet, which the company argues is more secure than existing multi-user, omnibus wallet solutions offered b..
Samourai said Google would remove its wallet from Google Play unless it complied with what they see as extremely restrictive policies. Bitcoin (BTC) wallet provider Samourai Wallet said it was disabling several privacy-related features in its products due to notices from Google to block the wallet, according to a Jan. 7. blog post. Samourai, which has aimed to provide a Bitcoin-centric experience through adding enhanced anonymity options and removing references to fiat currency, confirmed it was removing three functions from its wallet in time for its latest update released Tuesday. “Again, we are sorry for this inconvenience, but our hands have been tied by Google,” the blog post reads, adding: “We hope to bring these features back somehow in the future in the Google Play Store release, and are dedicated to offering the full feature set experience via alternative distribution methods such as direct download and F-Droid in the coming months.” Google has continued mandating certain lev..
This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. Bitcoin Press Release: The Quppy team is proud to announce that white label payment technology is now available on its platform. Jan 04 2018, TALLIN, ESTONIA – Unique, Multi-Currency, Cross-Platform Crypto-Wallet Quppy, has announced that it now offers users white label technology on its platform. The solution, which can be applied to projects of any type, uses a decentralized white label Wallet from Quppy and Quppy Exchange to accept payments through the system, and buy & sell cryptocurrencies. The Quppy team can now create a wallet for a client’s own coin or for other coins, regardless of their availability in the w..
Even as the bear market of 2018 destabilized the cryptocurrency and blockchain industry, Ripple, the parent company of XRP was making waves and building its reach within the industry. Thanks to the effort of Ripple and the XRP army, the XRP token was able to claim the second position from ETH on CoinMarketCapital’s list of cryptocurrencies. However, it is important to note that Ethereum has reclaimed its position. Right now, the cryptocurrencies are still struggling against the USD but XRP has strong fundamentals that will give it a guaranteed position in the fourth revolution. Ripple Ledger Gets Massive Transaction Volume Yesterday, the Ripple ledger marked the new year with massive transaction volume. The Twitter reports by Whale Alert show that 1,108,302,304 XRP, which is equivalent to $392,781,994, was transferred to the Ripple PTC distribution wallet. The sending wallet was unknown but the transaction was made through the Bithomp blockchain explorer. The fee for the transaction w..
Samsung has applied for a U.K. trademark for a cryptocurrency wallet, after denying rumors it would include a native wallet on the Galaxy S10 earlier this month. South Korean electronics giant Samsung is apparently seeking a trademark in the United Kingdom for a cryptocurrency wallet, according to a Dec. 27 filing with the U.K. Intellectual Property Office. In the “Classes and terms” section of the application, Samsung cites such developments as “Computer software for use as a cryptocurrency wallet; Computer software for cryptocurrency transfer and payment using blockchain technology; Computer application software for smartphones, namely, software to allow users to transfer cryptocurrency based on blockchain technology and pay via 3rd party’s application software.” The application follows rumors — subsequently refuted by Samsung — that the company has plans to include a cryptocurrency cold wallet on its Galaxy S10 smartphone. Samsung filed three European Union trademark applications f..
Ledger claimed that the recently uncovered vulnerabilities in their hardware wallets are not critical. Ledger claimed that recently uncovered vulnerabilities in its hardware wallets are not critical in an official Medium blog post on Dec. 28. Yesterday at the 35C3 Refreshing Memories conference in Berlin, researchers claimed that they were able to hack the Trezor One, Ledger Nano S and Ledger Blue cryptocurrency wallets. In the post, the company explains that there appeared to be “three attack paths which could give the impression that critical vulnerabilities were uncovered,” but according to them “this is not the case.” The reason Ledger says that the vulnerability is not critical is that “they did not succeed to extract any seed nor PIN on a stolen device” and “sensitive assets stored on the Secure Element remain secure.” According to the company, the Ledger Nano S vulnerability “demonstrated that physically modifying the Ledger Nano S and installing malware on the victim’s PC coul..
Phishing attack on crypto wallet Electrum has claimed multiple victims and allows the perpetrator to empty Bitcoin wallets. A reportedly ongoing hack against cryptocurrency wallet Electrum has seen a malicious party steal almost 250 Bitcoin (BTC) (about $937,000), commentators reported on social media Dec. 27. Subsequently confirmed by Electrum itself, the attack consists of creating a fake version of the wallet that fools users into providing password information. “The hacker setup a whole bunch of malicious servers,” Reddit user u/normal_rc explained: “If someone's Electrum Wallet connected to one of those servers, and tried to send a BTC transaction, they would see an official-looking message telling them to update their Electrum Wallet, along with a scam URL.” Affected users report trying and failing to log in to their wallets after providing their two-factor authentication code — something Electrum does not in fact request during login. The hackers then empty the wallet bala..